Maybe I'm misreading this linked article from the Atlanta paper about the housing market and its impact on buyers, sellers, brokers, and construction workers:
Housing slump hits Gwinnett | ajc.com
But if you read about The Sellers-The Fields, the guy mentions that the asking price of their home was in the mid $200,000s. They got an offer a month after putting it up for sale: "$25,000 less than the listing price, roughly 20 percent under our asking price."
I haven't taken math in years, but isn't this more like ten percent? :confused: And the punchline is, if you read down to the second to last paragraph, the guy is a financial planner! Scary! Think he's just so used to inflating his performance returns for prospective clients that he automatically adds another ten percent?